Money Talk

News To Know: High Energy Prices Turning Up The Heat On Older Americans

With the inflation raising the cost of nearly everything, the economy still stuck in the cellar, and high energy costs sticking around, Americans are really feeling the pinch. A new AARP survey gives a clearer picture of some of the ways older Americans are struggling to cope. More than half of the survey respondents making less than $50,000 a year said paying utility bills this year is harder than it was last year. 75% of people interviewed said their heating and cooling expenses were up from last year and just under 80% believe the trend will continue. Among people’s biggest gripes, just 17% of respondents believe that politicians have done enough to address rising energy costs. Have your heating and cooling costs been on the rise?